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WHAT IS SOKO JANJA

Soko Janja is one of Ubrica project, it is an online retail store created to market Kenyan local product to the world because most of the time products are brought form other countries to Kenya and they are given more value over our local products.

The main reason why Soko Janja was developed is to help create market to put money in manufacturers pocket so that they can be able to pay for there health services.

Soko Janja will help put money in the manufacturers pocket by helping them marketing their products and also sell the products for them.

Soko Janja is a platform where we enrol individuals and enrolled individuals can post pictures of their products.

HOW DOES SOKO JANJA WORK

We enroll individuals and once they are enrolled we will post pictures of their products on our online retail store called Soko Janja, those pictures will be seen by the public because other that posting the pictures of products on Soko Janja, we also post them on our social media platforms for more advertisement. Once a product is needed we contact the manufacturer so that the product can be delivered. We deliver on a cost of Ksh 150 within Nairobi for your first 10 orders.

HOW CAN YOU USE SOKO JANJA

A user can purchase products from Soko Janja as a buyer by following the steps below:

  1. Search for Soko Janja on your browser.
  2. Click on the desired product (as much as you can).
  3. Add to the cart.
  4. Proceed by making an online payment or you can also pay on the delivery.
  5. The product will be delivered at your door steps.
  6. You can also save a product to buy later on.

If you are a manufacturer and you would like to sell your products on Soko Janja here are the requirements:

  • A clear image for the product you want to sell on Soko Janja
  • A complete description of your product
  • The name and price of your products
  • Your details such as your name, your location and your contact

UBRICOIN FOR SOKO JANJA

We have created an online retail store known as soko Janja [shop.ubricas.com] to help operationalize wealth creation by each individual in any given community. Enrolled members will participate in posting pictures of their produce, products and services to soko Janja online market place. People from all over the world can view and order posted produce products and services. A small fraction of revenues from items posted on soko Janja will be applied to a health fund. Ubrica will expand its capability to host future worthy Lifescience and health blockchain projects and spinoffs. By creating our coin as a payment gateway at the point of sale for the retailers we will introduce cryptocurrencies to a wider public. As a POS system Ubricoin will accept payments in fiat currency, electronic money, and third party mobile wallet solutions. Users will realize most benefit by using Ubricoin mobile wallet directly. These direct transactions do not incur any fees, and every purchase is also rewarded within our loyalty program.

We will sell 1 billion UBNs to support our online retail store known as Soko Janja (see shop.ubrica.com) to help operationalize wealth creation by each individual in any given community. These 1 billion coins will be sold in four phases at $0.5 per UBN.

For the Ubricoin private sell we have released 100 million coins. These funds will be used to design the platform. Funds will also be used for desktop and field research to assess the market for the local products, visiting manufacturers to sell the idea and register them on our platform and calling and listing manufacturers, clients, suppliers and customers.

On August 1, 2018 which will be the presale we will sell 200 million UBNs. These funds will be used for the development of Soko Janja. We will buy new computers to facilitate maintenance, updates and development of the platform. These funds will also cater to networking capabilities and paying salaries to people who will be working on the platform. We will also use a fraction of the funds raised to market our platform.

There will be a crowdsale on october 1, 2018 where we will sell 300 million UBNs for the development of management capacity and this will include identifying, recruiting, training and retaining human resource for Soko Janja. These funds will be used for strategic planning to scale Soko Janja, organizing and upgrading teams into departments. In coordinating to make sure all the teams are working together in a synchronized version so that all the teams will work as a single whole.  We will also create a team controlling financial resources including creating appropriate use of the Ubricoin, token distributions, airdrops and loyalty incentive programs.

At last there will be initial token offering by december1, 2018 where we will sell 400 milloins UBNs for scaling Soko Janja and these funds  will be used to enroll 14 million households and to pay 7,250 community workers who will be recruited to register manufacturers and suppliers in the 47 counties, 210 sub-counties and 1,450 wards in Kenya.  We will create an incentive program to reward customers who will be buying locally produced products from Joko Janja.

LEGALITY OF SMART CONTRACTS

To understand what smart contracts are, we first define what a contract is. A Contract is a written or spoken agreement, especially one concerning employment, sales, or tenancy, which is intended to be enforceable by law. The essentials necessary to create a valid contract include:

  • Offer
  • Acceptance
  • Consideration
  • Mutual obligation
  • Capacity
  • Intention to create a legal relationship

These formal contracts are carried out by people and they have set the terms and conditions for the contract.

Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein exist across a distributed, decentralized blockchain network. Smart contracts can also be defined as agreements wherein execution is automated, usually by computers. Such contracts are designed to ensure performance without recourse to the courts. Automation ensures performance, for better or worse, by excising human discretion from contract execution.

Smart contracts were first proposed in 1994 by Nick Szabo, an American computer scientist who invented a virtual currency called “Bit Gold” in 1998, fully 10 years before the invention of Bitcoin.

The phrase and concept of smart contracts was developed by Szabo with the goal of bringing what he calls the highly evolved practices of contract law and practice to the design of electronic commerce protocols between strangers on the Internet. Smart contracts are a major feature of cryptocurrency and the programming language.

Szabo defined smart contracts as computerized transaction protocols that execute terms of a contract. He wanted to extend the functionality of electronic transaction methods, such as POS (point of sale), to the digital realm.

These contracts help you exchange money, property, shares, or anything of value in a transparent, conflict-free way while avoiding the services of a middleman.

The best way to describe smart contracts is to compare the technology to a vending machine. Ordinarily, you would go to a lawyer or a notary, pay them, and wait while you get the document. With smart contracts, you simply drop a bitcoin into the vending machine (i.e. ledger), and your escrow, driver’s license, or whatever drops into your account. More so, smart contracts not only define the rules and penalties around an agreement in the same way that a traditional contract does, but also automatically enforce those obligations.

The key properties of smart contracts are:

  • Autonomy
  • Decentralization
  • Auto-sufficiency

Autonomy implies that after a smart contact launches, the deal initiator does not have to participate any more in the process. Smart contracts are not focused on one central server but are distributed by various network points so they can be referred to as being decentralized. Auto-sufficiency supposes that contracts are able to collect money, realize transactions, distribute resources, issue and spend funds to allow a larger capacity of storage and computation power.

Having understood what smart contracts are, we now address the potential legal implications the contract has on the parties. For a normal written contract the description of the parties, their obligations to each other, their description of the subject matter are all stated in the contract. Thus creating the legal obligations.

The emerging issue of smart contracts is what happens when an agreement can be enforced not by public law enforcers, but through the terms and mechanisms set forth in the terms of the contract itself. The typical legal action for breach of contract involves an aggrieved party going to a court of law or equity to demand money damages, restitution, or specific performance.  With a smart contract, the aggrieved party will need to go to the court to remedy a contract that has already been executed or is in the process of being performed. This is because, by definition, a strong smart contract is already executed or in the process of being executed by the time the court hears the case. So the remedy must come after the fact to undo or alter the agreement in some way.

It can be quite problematic to enforce the disputes that may arise from these types of contracts. There may be no central administering authority to decide a dispute between participants to a smart contract, forcing them to seek recourse in the courts. There may be no obvious defendant against whom legal action could be brought. For example, who would be responsible for system operational defects, corrupted messages, or defective programmer logic that led to non-performance (or unexpected performance) of a smart contract? It may be unclear if a legally binding contract exists between participants to a smart contract if they seek legal redress for breach of contract in the courts. Even if there is no clear contract, a smart contract transaction may itself have an effect on property rights – for instance, if it is a register of legal ownership – and so any dispute would need to be resolved as between the rival claimants to those property rights. Transactions using some digital ledger technologies, especially blockchains, can be conducted pseudonymously. If a dispute arose, how would an aggrieved participant to a permissionless blockchain identify the other party to a smart contract in order to bring legal proceedings against it? Would a court regard a smart contract hosted on a blockchain as having legally binding effect if it is simply not possible to identify who the other contracting party to it is? There may be difficulties in proving the existence or content of a smart contract in court proceedings where evidence exists only in electronic format on a distributed ledger or elsewhere. Enforcement of a court judgment or arbitration award in respect of a transaction using distributed ledger technologies may be problematic. Even where dispute resolution mechanisms exist for distributed ledger technologies, there may be problems applying them beyond the “trust boundaries”, that is, where they interact with third party systems.

Some of the approaches that may be useful may include where a distributed ledger technology has a central administering authority with the power to insert arbitrary or remedial transactions into that ledger (a permissioned ledger might provide for this), the parties might, for example, agree that this authority has the power to determine any disputes. This agreement might be contained in a particular smart contract, or it could be part of the terms and conditions accepted by the participant when it acquires an identity or otherwise participates in the particular ledger. The authority would need protection from disputes arising from its exercise of these powers. Again, that could be a term of a smart contract or the terms and conditions of the permissioned ledger.

Where:

  1. a distributed ledger has no central administering authority (whether the distributed ledger is permissioned or permissionless); or
  2. the parties do not wish to delegate dispute resolution to it; or
  3. it is logically impossible to unwind a transaction without the participation of a quorum of all of the participants, then the problems are more acute: it may be impossible to unwind a transaction even if clearly desired by the direct parties. A dispute resolution mechanism built into the smart contract itself could provide a solution.

Such a mechanism would need the following characteristics:

  • a provision in the contract code that causes delegation to an arbitrator, which would be triggered under rules encoded in the smart contract: for example by both parties asserting a defect and nominating the arbitrating entity;
  • a provision in the contract natural language version agreeing to submit disputes to arbitration: this assumes that there is a natural language version of the contract and that it matches the delegation mechanism in the contract code
  • a forum for arbitration, which could be administered centrally, or via a relevant ledger, or by use of one of the many existing and experienced fora. The forum would identify these essential components:–
    • a body of rules for the arbitration
    • pool of possible arbitrators, who could vary from persons able to provide expert determination at a low fee to high-value arbitrators capable of overseeing complex disputes
    • an administration capable of managing the cases as they are filed and decided.

A dispute resolution mechanism embedded in a smart contract reflects the advantages of a smart contract over a traditional contract: enforcement of the dispute resolution process and the consequent decision could be made automatic and integrated into the ledger. Not only would smart contracts deliver finality of agreed actions in performance, but also those actions and events that generate discord for whatever reason – disagreement over intent, bugs in the code, external exigencies could also achieve finality through a formal process. Such a mechanism might also provide a partial solution to the complexities of cross-jurisdictional trade. By using a common body of rules, the parties can agree to a rule base that is aligned across borders and legally acceptable within both jurisdictions.

 

USE OF UBRICOIN

DIGITAL REVOLUTION AND ECONOMIC DEVELOPMENT

Over the years we have seen technology change. The hardware has changed from large machines to portable devices. Software has evolved from unfriendly interface that requires technicians to distributed to highly simplified user friendly interface that does not require much training to use. Web applications running centralized data bases and server are rapidly evolving to distributed, decentralized content running on blockchain. Information sharing has evolved from highly restricted information starved environments to internet taking us to another level of information sharing without restrictions. With emergence of internet we have moved from localized education systems, banking services and governance to e-learning, e-banking, e-commerce and digital currency that distributed traditionally localized services to distant locations. The latest innovation, blockchain technology, is taking these localized source of services built on centralized platforms, to completely decentralized network, that are distributable over the world .

Blockchain is a digital public ledger that keeps records of transactions. The records or the digital transactions are distributed to different computers known as nodes therefore ensuring validity of the information. The blockchain technology is decentralized and records are available to the public which makes it easy for verification. The transactions are also updated on a continuous basis. Therefore, blockchain is a mechanism that can be used to reduce fraud, human and mechanical errors and ensure transparency and accountability.

In education, blockchain technology can be used in different ways. Here at UBRICA we have created our coin known as Ubricoin which is built on Etherium blockchain. It is a peer to peer internet currency that will enable payment to anyone in the world. Ubricoin will build financial incentives for traditionally marginalized hardworking people who contribute knowledge for the betterment of humanity. Our crypto-currency system involves creating incentive programs to reward excellence in education research and practice. To bring changes in our education system we introduce a reward system through Ubricoin. We will offer tokens to teachers in primary schools, secondary schools, universities; researchers and practitioners. This will facilitate excellence in the education system. The reward system will be according to ratings by students, parents and colleague. Blockchain technology can also be used in sharing educational and research content among students, teachers and professors. In addition, it is good keeping records of certificates issued to learners to reduce fake certification. Blockchain facilitates storage of data on achievements and qualifications of students. Such data is accessible from any device when needed. This will greatly reduce false qualification especially in professional industry.

In the health sector, proper record-keeping is critical. Most facilities have moved from paper record to computerized record. Traditionally computerized health records have been stored in a central database within one facility. This centralized technological revolution improved efficiency, effectiveness and accountability in that health facility.  Now with the blockchain technology, critical patient information that is most often scattered across different health facilities can be recorded safely on one blockchain. Patient information becomes easily accessible from different health facilities. Patients will no longer have to spend a lot of money going for records from previous facilities especially where the patient is being treated in different facilities that are in different locations. The alternative would be going through the same tests done earlier at an additional cost and at times, costing lives.

Digital revolution has also impacted the business world greatly. People carry out businesses online, locally and internationally at the comfort of their homes and offices. Long ago, exchange of goods and services used to happen through barter trade, then it evolved to use of fiat currency (coins and notes),  plastic money ( credit cards, bank cards, debit cards and smart cards). Now we have digital currency or electronic currency (e.g. cryptocurrency). Cryptocurrency is a peer-to-peer virtual currency built on blockchain. Sending digital currency across countries and continents is very easy, cheap and fast. Ubricoin is an example of a crypto-currency. At UBRICA we have embraced  doing business using technology where we have created an online retail store known as Soko Janja (see, shop.ubrica.com) where members can buy and sell produce, products and services. Ubricoin will also be used as a mode of payment on Soko Janja. In additional, people who purchase from Soko Janja and most importantly from local manufacturers are reward with Ubricoins.

 

 

Author,

Caroline Muthoni N.

Ubricoin on blockchain

Ubricoin on blockchain will serve as a platform devoted to improving quality of health for all. We will use Ubricoin to develop global health industry and create market intelligence through a cryptocurrency reward system that will inspire positive contribution to health improvement around the world. We will use a smart review system to reward consumers for positive health behavior.

We need Artificial intelligence for global health. Ubricoin will gather intelligent data about health, nutrition information and diseases. This data will help us develop smart community health decision support system, smart public health decision support system and smart clinical decision support systems. Ubricoin will generate artificial intelligence for early disease detection algorithm built on International Classification of Diseases (ICD), health and diseases monitoring, effect and impact evaluation of health programs, improved data security, accuracy and speed of diagnosis. We will use Ubricoin to fund and create incentives for research, build world-class capacity for health and clinical research in developing countries and for research reporting through peer-to-peer reviewed papers by creating incentive token to the authors. This will lead to more people taking part in developing scientific papers. We will create incentives for research and new product development (R&D) with Brevis tokens for supporting development of scientific products. We will use Ubricoin to suport for manufacturing of biomedical products, and to facilitate commercialization of the products in the online marketing and retail platform called Soko Janja. Ubricoin will also support development and construction of scientific real estates in developing countries, including  Ubrica Retail Clinical Centers (URCCs), Science and Technology Parks (STPs), a Biomedical Industrial City (BMIC).

Ubricoin will benefit you, the consumer of health and other services. Consumers will receive Brevis airdrops from shopping on Soko Janja. Providers of health accepting Ubricoin as payment at the point of sale will receive Brevise loyalty tokens, service quality tokens, direct feedback from consumers. Payers of health using Ubricoin for payment transaction will experience dramatic reduction in payment fraud. Suppliers of products and services to the health system will enjoy simplified payment system. Regulators of health services will create intelligent regulation based on real-time data. This will ensure good governance. Local and international non-governmental organization will enjoy simplified data gathering for needs assessments, project implementation evaluation, and post implementation evaluation. International development organizations concerned with global health will have a system for easy tracking of diseases of global health concern, detecting diseases before they become epidemics.